Global Dairy Products Market Bwc19153

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Global Dairy Products Market, By Product (Milk, Butter, Cheese, Ice-cream, Lactose, Yoghurt), By Application (Frozen Food, Bakery, and Confectionary, Clinical nutrition), By Distribution Channel (Retail Stores, Online Stores), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

Published Date: October 2021
Report ID: BWC19153
Available Format: PDF
Page: 190

Report Overview

Global demand for dairy products is expected to grow at a high CAGR because of increasing awareness of the health benefits of dairy product consumption, growing urbanization, and a shift in dietary habits. Additionally, technological advancements in dairy processing also drives the global dairy products market.

Global Dairy Products Market- Industry Trends & Forecast Report 2027

Global dairy products market was worth USD 483.1 billion in 2020 and is further projected to reach USD 565.0 billion by the year 2027, growing at the CAGR of 2.3% in the forecast period. Various factors are driving the growth of the global dairy products market, including increasing awareness of the health benefits of dairy product consumption, growing urbanization, and a shift in dietary habits. Also, technological advancements in dairy processing are powering the global dairy products market. Furthermore, an increase in processed food consumption and the growing fast-food industry are projected to boost the market in the forecast period.

Global Dairy Products Market

Source: BlueWeave Consulting

Global Dairy Products Market- Overview

A dairy product is any food that uses milk as the primary raw material. The milk used in dairy products comes from mammals such as cattle, water buffaloes, goats, sheep, and camels. Butter, cheese, cream, yogurt, ice cream, and many other dairy products are available in the market, and they constitute a significant portion of people's food consumption. There are also numerous industrial uses for dairy products, such as lactose, whey paste, and dried whey.

Global Dairy Products Market Forecast and Trends

Growth Drivers

Health Benefits of Milk and Dairy Products

The health benefits associated with milk and other dairy products are major factors driving the global dairy products market. Dairy products contain important nutrients like calcium, phosphorus, vitamin D, B vitamins, and potassium. As a result, dairy products are among the most common foods consumed by young children and the elderly, whose bodies need extra nutrition. Furthermore, the availability of a wide range of therapeutically prescribed dairy products is fueling the growth of the global dairy products market.

Government Policies Favoring the Dairy Industry

The governments of various countries are considering multiple steps to increase the export of dairy products. Such projects also address producer issues such as animal health, market disruptions, and so on. Additionally, many governments offer tax rebates on milk and dairy product exports to boost the market growth. For example, the Indian government recently announced a freight subsidy for dairy exports. Such schemes are expected to drive the global dairy products market in the forecast period.

Restraints

Increasing Prevalence of Lactose Intolerance and Adoption of Vegan Diet

The rising prevalence, or increasing awareness of lactose intolerance, is emerging as a major impediment to the expansion of the worldwide dairy products market. According to MedlinePlus, approximately 65% of the world population is lactose intolerant. With lactose intolerance, people have trouble digesting sugar (lactose) in milk and experience diarrhea, gas, nausea, or bloating after drinking milk. Therefore, they are advised to limit dairy consumption. Furthermore, vegan lifestyles, which completely avoid animal-based products, are also negatively impacting the market.

Impact of COVID-19 on Global Dairy Products Market

The global dairy products market was negatively affected by the sudden outbreak of the COVID-19 pandemic. Although demand for dairy products such as milk, cheese, and butter surged dramatically during the lockdown period, rising public awareness about the dangers of animal products and zoonotic infections also hampered the market during the pandemic. In addition, the popularity of a vegan diet grew significantly during COVID-19, as the pandemic appears to be caused by a zoonotic virus transmitted through bats meant for consumption.

Global Dairy Products Market - By Product

Based on products, the global dairy products market is segmented into milk, butter, cheese, ice cream, lactose, and yogurt. The milk and cheese segment held the largest market share in 2020 and is also projected to witness significant growth in the forecast period as well. This high growth can be attributed to the growing demand for milk in emerging nations due to its nutritional content. Changing consumer habits and high living standards are driving a rapid increase in demand for liquid milk products. Moreover, infant formula and baby milk are the primary promoters of the milk business, which in turn is driving the dairy products market forward.

Global Dairy Products Market - By Application

Based on applications, the global dairy products market is segmented into frozen food, bakery & confectionary, and clinical nutrition. The clinical nutrition segment dominates the dairy products market due to dairy products’ nutritional benefits. Medical professionals prescribe dairy products to patients undergoing surgery and suffering from certain disorders. On the other hand, the frozen foods segment is also gaining popularity as ice cream and other condensed milk products are gaining wide appeal among all age groups.

Global Dairy Products Market - Regional Insights

Geographically, the global dairy products market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, the Asia-Pacific dominates the global dairy products market, with India emerging as the leading exporter of dairy products. The growth of the middle-class population, the rapidly growing fast-food industry, rising disposable income, and rapid urbanization are all contributing to this region's rapid growth. Changes in consumer dietary habits in nations such as China, India, and Australia also propel the dairy products market forward.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global dairy products market are Amul, Dairy Farmers, Kraft Foods Inc., Fonterra Group Cooperative Limited, Dairy Farmers of America Inc., Arla Foods UK Plc. (Group) Co., Ltd, Meiji Dairies Corporation, Nestle SA, Royal FrieslandCampina N.V., SanCor Cooperatives, Megmilk Snow Brand Co. Ltd., Dean Foods Company, Parmalat S.P.A, Danone, Unilever Plc., Saputo Inc., Mengniu Dairy, Lactalis, Yili Group, and other prominent players.

The market is highly fragmented with the presence of various industry players who offer a wide range of products to satisfy consumer needs. The established companies also engage in product launches and inorganic strategies like advertisement and marketing to create brand awareness. Furthermore, the adoption of competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., is also prominent in the market. However, the market is also favorable to the new entrants who offer new products to cater to the ever-changing taste of the consumers.

Recent Developments

In September 2021, Clover Sonoma, a US-based dairy, announced launching the first post-consumer recycled (PCR) gallon milk jug in the United States to decrease the amount of single-use plastic.
In September 2021, Saputo, a Canadian fluid milk company, announced the acquisition of Carolina Aseptic and Carolina Dairy businesses for USD 118 million.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027
Facts Covered	Revenue in USD Billion
Market Coverage	U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation	By Product, By Application, By Distribution Channel, By Region
Key Players	Amul, Dairy Farmers, Kraft Foods Inc., Fonterra Group Cooperative Limited, Dairy Farmers of America Inc., Arla Foods UK Plc. (Group) Co., Ltd, Meiji Dairies Corporation, Nestle SA, Royal FrieslandCampina N.V., SanCor Cooperatives, Megmilk Snow Brand Co. Ltd., Dean Foods Company, Parmalat S.P.A, Danone, Unilever Plc., Saputo Inc., Mengniu Dairy, Lactalis, Yili Group, and other prominent players.

By Product

Milk
Butter
Cheese
Ice-cream
Lactose
Yogurt

By Application

Frozen food
Bakery and Confectionary
Clinical nutrition

By Distribution Channel

Retail Stores
Online Stores

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Research Framework
1. Research Objective
2. Product Overview
3. Key Market Segments
Research Methodology
1. Qualitative Research
2. Methodology
3. Regional Split of Primary & Secondary Research
4. Secondary Research
5. Primary Research
  1. Breakdown of Primary Research Respondents, By Region
  2. Breakdown of Primary Research Respondents, By Industry Participants
6. Market Size Estimation
7. Assumptions for the Study
8. Market Breakdown & Data Triangulation
Executive Summary
Industry Insight and Growth Strategy
1. Value Chain Analysis
2. DROC Analysis
  1. Market Drivers
    1. Health Benefits of Milk and Dairy Product Consumption
    2. Favorable Government Policies for Expanding Dairy Products
  2. Market Restraints
    1. Increasing Prevalence of Lactose Intolerance
  3. Market Challenges
    1. Adoption of Vegan Diet
  4. Market Opportunity
    1. Strengthening Online Distribution Channels
    2. New Product Launches
3. Recent Developments
4. Porter’s Five Forces Analysis
  1. Bargaining Power of Buyers
  2. Bargaining Power of Suppliers
  3. Intensity of Rivalry
  4. Threat of New Entrants
  5. Threat of Substitutes
Global Dairy Products Market Overview
1. Market Size & Forecast by Value, 2017-2027
2. Market Size and Forecast, By Segment
  1. By Product
    1. Milk
    2. Butter
    3. Cheese
    4. Ice-cream
    5. Lactose
    6. Yogurt
  2. By Application
    1. Frozen food
    2. Bakery and Confectionary
    3. Clinical nutrition
  3. By Distribution Channel
    1. Retail Stores
    2. Online Stores
  4. By Region
    1. North America
    2. Europe
    3. Asia-Pacific
    4. Latin America
    5. Middle East & Africa
North America Dairy Products Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2020-2027
2. Market Share and Forecast
  1. By Product
  2. By Application
  3. By Distribution Channel
  4. By Country
    1. U.S.
    2. Canada
Europe Dairy Products Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2020-2027
2. Market Share and Forecast
  1. By Product
  2. By Application
  3. By Distribution Channel
  4. By Country
    1. Germany
    2. U.K.
    3. Russia
    4. France
    5. Italy
    6. Spain
    7. Rest of Europe
APAC Dairy Products Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2020-2027
2. Market Share and Forecast
  1. By Product
  2. By Application
  3. By Distribution Channel
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
LATAM Dairy Products Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2020-2027
2. Market Share and Forecast
  1. By Product
  2. By Application
  3. By Distribution Channel
  4. By Country
    1. Mexico
    2. Brazil
    3. Rest of LATAM
MEA Dairy Products Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2020-2027
2. Market Share and Forecast
3. By Product
4. By Application
5. By Distribution Channel
6. By Country
  1. Saudi Arabia
  2. UAE
  3. South Africa
  4. Rest of MEA
Competitive Landscape
1. List of Key Players and Their Offerings
2. Market Share Analysis (2020)
3. Competitive Benchmarking By Operating Parameters
Impact of COVID-19 on Global Dairy Products Market
Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
1. Amul
2. Dairy Farmers
3. Kraft Foods Inc.
4. Fonterra group Cooperative Limited
5. Dairy Farmers of America Inc.
6. Arla Foods UK Plc. (Group) Co., Ltd
7. Meiji Dairies Corporation
8. Nestle SA
9. Royal FrieslandCampina N.V.
10. SanCor Cooperatives
11. Megmilk Snow Brand Co. Ltd.
12. Dean Foods Company
13. Parmalat S.P.A
14. Danone
15. Unilever Plc.
16. Saputo Inc.
17. Mengniu Dairy
18. Lactalis
19. Yili Group
20. Other Prominent Players
Key Strategic Recommendations

List of Figures

Figure 1: Global Dairy Products Segmentation

Figure 2: Global Dairy Products Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Dairy Products Market Size, By Value (USD Billion), 2020-2027

Figure 5: Global Dairy Products Market Share (%), By Product, By Value, 2020-2027

Figure 6: Global Dairy Products Market Share (%), By Application, By Value, 2020-2027

Figure 7: Global Dairy Products Market Share (%), By Distribution Channel, By Value, 2020-2027

Figure 8: Global Dairy Products Market Share (%), By Region, By Value, 2020-2027

Figure 9: North America Dairy Products Market Size, By Value (USD Billion), 2020-2027

Figure 10: North America Dairy Products Market Share (%), By Product, By Value, 2020-2027

Figure 11: North America Dairy Products Market Share (%), By Application, By Value, 2020-2027

Figure 12: North America Dairy Products Market Share (%), By Distribution Channel, By Value, 2020-2027

Figure 13: North America Dairy Products Market Share (%), By Country, By Value, 2020-2027

Figure 14: Europe Dairy Products Market Size, By Value (USD Billion), 2020-2027

Figure 15: Europe Dairy Products Market Share (%), By Product, By Value, 2020-2027

Figure 16: Europe Dairy Products Market Share (%), By Application, By Value, 2020-2027

Figure 17: Europe Dairy Products Market Share (%), By Distribution Channel, By Value, 2020-2027

Figure 18: Europe Dairy Products Market Share (%), By Country, By Value, 2020-2027

Figure 19: the Asia-Pacific Dairy Products Market Size, By Value (USD Billion), 2020-2027

Figure 20: the Asia-Pacific Dairy Products Market Share (%), By Product, By Value, 2020-2027

Figure 21: the Asia-Pacific Dairy Products Market Share (%), By Application, By Value, 2020-2027

Figure 22: the Asia-Pacific Dairy Products Market Share (%), By Distribution Channel, By Value, 2020-2027

Figure 23: the Asia-Pacific Dairy Products Market Share (%), By Country, By Value, 2020-2027

Figure 24: Latin America Dairy Products Market Size, By Value (USD Billion), 2020-2027

Figure 25: Latin America Dairy Products Market Share (%), By Product, By Value, 2020-2027

Figure 26: Latin America Dairy Products Market Share (%), By Application, By Value, 2020-2027

Figure 27: Latin America Dairy Products Market Share (%), By Distribution Channel, By Value, 2020-2027

Figure 28: Latin America Dairy Products Market Share (%), By Country, By Value, 2020-2027

Figure 29: Middle East & Africa Dairy Products Market Size, By Value (USD Billion), 2020-2027

Figure 30: Middle East & Africa Dairy Products Market Share (%), By Product, By Value, 2020-2027

Figure 31: Middle East & Africa Dairy Products Market Share (%), By Application, By Value, 2020-2027

Figure 32: Middle East & Africa Dairy Products Market Share (%), By Distribution Channel, By Value, 2020-2027

Figure 33: Middle East & Africa Dairy Products Market Share (%), By Region, By Value, 2020-2027

List of Tables

Table 1: Global Dairy Products Market Size, By Product, By Value, 2020-2027

Table 2: Global Dairy Products Market Size, By Application, By Value (USD Billion), 2020-2027

Table 3: Global Dairy Products Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

Table 4: Global Dairy Products Market Size, By Region, By Value (USD Billion), 2020-2027

Table 5: North America Dairy Products Market Size, By Product, By Value (USD Billion), 2020-2027

Table 6: North America Dairy Products Market Size, By Application, By Value (USD Billion), 2020-2027

Table 7: North America Dairy Products Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

Table 8: North America Dairy Products Market Size, By Country, By Value (USD Billion), 2020-2027

Table 9: Europe Dairy Products Market Size, By Product, By Value (USD Billion), 2020-2027

Table 10: Europe Dairy Products Market Size, By Application, By Value (USD Billion), 2020-2027

Table 11: Europe Dairy Products Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

Table 12: Europe Dairy Products Market Size, By Country, By Value (USD Billion), 2020-2027

Table 13: the Asia-Pacific Dairy Products Market Size, By Product, By Value (USD Billion), 2020-2027

Table 14: the Asia-Pacific Dairy Products Market Size, By Application, By Value (USD Billion), 2020-2027

Table 15: the Asia-Pacific Dairy Products Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

Table 16: the Asia-Pacific Dairy Products Market Size, By Country, By Value (USD Billion), 2020-2027

Table 17: Latin America Dairy Products Market Size, By Product, By Value (USD Billion), 2020-2027

Table 18: Latin America Dairy Products Market Size, By Application, By Value (USD Billion), 2020-2027

Table 19: Latin America Dairy Products Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

Table 20: Latin America Dairy Products Market Size, By Country, By Value (USD Billion), 2020-2027

Table 21: The Middle-East & Africa Dairy Products Market Size, By Product, By Value (USD Billion), 2020-2027

Table 22: The Middle-East & Africa Dairy Products Market Size, By Application, By Value (USD Billion), 2020-2027

Table 23: The Middle-East & Africa Dairy Products Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

Table 24: The Middle-East & Africa Dairy Products Market Size, By Country, By Value (USD Billion), 2020-2027

Table 25: Amul Financial Analysis

Table 26: Amul Business Overview

Table 27: Dairy Farmers Financial Analysis

Table 28: Dairy Farmers Business Overview

Table 29: Kraft Foods Inc. Corporation Financial Analysis

Table 30: Kraft Foods Inc. Corporation Business Overview

Table 31: Fonterra group Cooperative Limited Financial Analysis

Table 32: Fonterra group Cooperative Limited Business Overview

Table 33: Dairy Farmers of America Inc. Financial Analysis

Table 34: Dairy Farmers of America Inc. Business Overview

Table 35: Arla Foods UK Plc. (Group) Co., Ltd Financial Analysis

Table 36: Arla Foods UK Plc. (Group) Co., Ltd Business Overview

Table 37: Meiji Dairies Corporation Financial Analysis

Table 38: Meiji Dairies Corporation Business Overview

Table 39: Nestle SA Financial Analysis

Table 40: Nestle SA Business Overview

Table 41: Royal FrieslandCampina N.V. Financial Analysis

Table 42: Royal FrieslandCampina N.V. Business Overview

Table 43: SanCor Cooperatives Financial Analysis

Table 44: SanCor Cooperatives Business Overview

Table 45: Megmilk Snow Brand Co. Ltd. Financial Analysis

Table 46: Megmilk Snow Brand Co. Ltd. Financial Analysis

Table 47: Dean Foods Company Financial Analysis

Table 48: Dean Foods Company Business Overview

Table 49: Parmalat S.P.A Financial Analysis

Table 50: Parmalat S.P.A Business Overview

Table 51: Danone Financial Analysis

Table 52: Danone Business Overview

Table 53: Unilever Plc. Financial Analysis

Table 54: Unilever Plc. Business Overview

Table 55: Saputo Inc. Financial Analysis

Table 56: Saputo Inc. Business Overview

Table 57: Mengniu Dairy Financial Analysis

Table 58: Mengniu Dairy Business Overview

Table 59: Lactalis Financial Analysis

Table 60: Lactalis Business Overview

Table 61: Yili Group Financial Analysis

Table 62: Yili Group Business Overview

Market Segmentation

By Product

Milk
Butter
Cheese
Ice-cream
Lactose
Yogurt

By Application

Frozen food
Bakery and Confectionary
Clinical nutrition

By Distribution Channel

Retail Stores
Online Stores

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Frequently Asked Questions (FAQs):

1. What is the current size of the global dairy products market?

Ans: The global dairy products market reached USD 483.1 billion in 2020.

2. What are the major factors driving the growth of the global dairy products market?

Ans: The major factors driving the growth of the global dairy products market are increasing awareness of the health benefits of dairy product consumption, growing urbanization, and a shift in dietary habits. Additionally, technological advancements in dairy processing also drives the global dairy products market.

3. Who are the key players in the global dairy products market?

Ans: The key players in the global dairy products market are: Amul, Dairy Farmers, Kraft Foods Inc., Fonterra Group Cooperative Limited, Dairy Farmers of America Inc., Arla Foods UK Plc. (Group) Co., Ltd, Meiji Dairies Corporation, Nestle SA, Royal FrieslandCampina N.V., SanCor Cooperatives, Megmilk Snow Brand Co. Ltd., Dean Foods Company, Parmalat S.P.A, Danone, Unilever Plc., Saputo Inc., Mengniu Dairy, Lactalis, Yili Group, and other prominent players.

4. Which product segment accounted for the largest share in the global dairy products market?

Ans: The milk segment accounted for the largest share in the global dairy products market.

5. Which region holds the largest share in the global dairy products market?

Ans: Asia-Pacific has the largest share in the global dairy products market.

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